General Studies & Current Affairs

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Additional Rs 1,65,000 Crs for bank re-capitalisation Rs 3000 Crs for agricultural impetus Farm loan payments to be extended for six month...

Union Budget 2010-11 Highlights

  1. Additional Rs 1,65,000 Crs for bank re-capitalisation
  2. Rs 3000 Crs for agricultural impetus
  3. Farm loan payments to be extended for six months
  4. Fertiliser subsidy to be reduced
  5. Rs 100 Cr woman farmer fund scheme
  6. Coal regulatory authority to be set up
  7. Clean energy fund to be established
  8. Interest subvention of 2% to be extended for handicrafts and SMEs
  9. Rs 200 Crs for Tamilnadu textile sector
  10. India faces a challenge of reverting to double digit growth
  11. Economy can achieve GDP growth of 10%
  12. Intrest subvention for housing loans up to 1 lacs
  13. Allocation to defence raised to Rs 1.47 lac Crs
  14. Defence capex raised to Rs 60000 Crs
  15. Hope to implement Direct Tax Code from April 2011
  16. GST to be implemented from 2011
  17. Divestment target of Rs 25,000 Crs
  18. Rs 1200 Crs assistance for drought in Bundelkhand
  19. Rs 48000 Crs for Bharat Nirman
  20. NREGA scheme allocation raised to Rs 41000 Crs
  21. Allocation to health Rs 22,300 Crs
  22. Allocation for school education up from Rs 26800 Crs to Rs 31036 Crs
  23. Allocation to power sector at Rs 5130 Crs
  24. Rs 10,000 Crs allocated for Indira Awaas Yojna
  25. Social Security Fund to have corpus of over Rs 1000 Crs
  26. Rs 2400 Crs for MSMEs
  27. Government to contribute Rs 1000 per month for pension security
  28. Rs 5400 Crs allocated for urban development
  29. Rs 66100 Crs allocated for rural development
  30. Rs 1900 Crs allocated for UID project
  31. Gross tax receipts Rs 7.46 lac Crs
  32. Govt to set up National Mission for delivery of justice
  33. 15% rise in planned expenditure
  34. Fiscal deficit target of 5.5% in FY11
  35. Excise on all non smoking tobacco raised
  36. Televisions to be costlier
  37. Mobile phones to become cheaper
  38. Cement to be costlier
  39. Refrigerators to be costlier
  40. Jewellery to be more expensive
  41. Monorail granted project import status
  42. CDs to be cheaper
  43. Excise duty on CFL halved to 4%
  44. Customs duty on Gold and Platinum hiked
  45. Service Tax rates unchanged
  46. More services to be brought under tax net
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